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《大行報告》瑞信下調美團(03690.HK)目標價至313元 評級「跑贏大市」
阿思達克 08-25 10:20
瑞信發表研究報告指,美團(03690.HK)將於本月底公佈第二季度業績,預測整體收入按年增長74%至430億元人民幣,在美團優選業務的投資下,調整淨虧損預期達到37億元人民幣。 該行預期,按業務劃分,食品外賣業務收入預期按年增長60%,主要受訂單量提升所帶動;到店及酒店旅遊業務估計可錄得逐步復甦,收入料按年升88%,經調整經營溢利料達34億元人民幣;新業務則預料虧損擴大至98億元人民幣,當中70億元人民幣虧損來自美團優選。 瑞信表示,由於內地當局提出企業須保障外賣騎手福利及權益,加上部分地區疫情再爆發或影響到店及酒店旅遊業務,同時美團優選業務量增長較慢,網約車業務未來仍要投放資源,對下半年前景較爲審慎。該行將今明兩年預測下降43%及45%,目標價由374元降至313元,維持「跑贏大市」評級。
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